It’s June and that means my insurance premium on my car is due. I personally have a squeaky clean driving record with no tickets or accidents in over 12 years behind the wheel. Over that time, I don’t think I’ve ever seen a decrease in my premiums. I decided it was time to do a little research and look at other car insurance companies. It doesn’t hurt to at least see if I can get a better deal and save even more money each month.
I was very happy with my current auto insurance, no complaints. But then again, I never had to really deal with my agent other than when my car was totaled by a hail storm back in 2007. Fortunately, that process went smoothly without any issues. This weekend, I set out on looking out at various, popular auto insurance providers with online quotes.
I currently have State Farm Insurance and pay a $348 six month premium on a 2007 Toyota Camry. I settled on a $500 deductible, a middle of the road deductible that saved me some cash. I have emergency road side assistance and rental reimbursement. My car insurance premium also includes full coverage of both insured and uninsured motorists including bodily and property damage liability and medical payments. A very run of the mill auto insurance coverage.
I ran through the insurance quote wizards online following the criteria of my current auto insurance policy and the results were as follows:
Geico – $204
Progressive – $376
ESurance – $296
Nationwide – $265
Allstate – $349
It was very tricky to get an accurate idea of what the premiums contained for each of the auto insurance providers. Some had other offerings, but I did my best to get as close as I could to my current auto insurance policy. I can see advantages of others if you start to add other insurance coverage such as life and home owner’s insurance (and other autos), but for the best apples to apples comparison, Geico prevailed.
So that is what I did, I made the move to Geico along with my wife’s car. I guess we can officially say that we saved a bunch of money by switching to Geico. I really liked State Farm in general and liked having that personal connection of an agent to deal with. For now, we’re OK with dealing with Geico as we haven’t really set our roots to where we expect to live. At some point, we wouldn’t hesitate to pay a little more to have access to a personal insurance agent that is looking out for us, like State Farm. This is most likely why Geico was significantly lower; we cut out the agent.
Here are some additional tips to consider when switching auto insurance companies:
- Don’t let your current policy expire until you have a policy you want as a lapse in coverage will lead to higher premiums
- Look at side by side comparisons of 3-5 auto insurance companies
- Rates decrease after age 25, so that is good time to investigate another provider
- Avoid changing insurance providers if you have had an accident in the last 3 years or traffic violation in the last 5 years as it could lead to higher rates
- Change your insurance before you plan on moving as rates could increase depending on the region you are moving to
- Don’t forget to cancel your previous policy as it could be reported as a failed payment and appear on your credit report if you fail to notify your agent
- Drive safe and avoid aggressive driving habits
It doesn’t hurt to shop for a discount, especially if you are a good driver as Geico offered a $55 good driver discount. In the end, we’re saving almost $25 per month by just switching a single car policy, another step towards becoming a millionaire. Saving a little money here and there is going to be great for us, especially since we are just starting our lives together. We’ll see how the Geico experiment goes, but with our safe driving habits, we’re not overly concerned.
Have you ever switched auto insurance companies? Is the grass greener on the other side (aside from the money savings)?
Stupidly Yours,
Matt
Related posts:
StupidCents was founded by Matt in 2009. His thoughts are shaped by his family and career and seasoned by his endless motivation to succeed personally, professionally, and financially.
Don’t forget to have more than one thing on your insurance policy. I have State Farm and when I added my truck AND my house and evenupped the value of the house on the insurance….my reates dropped on all three items!! Also, it is better to have an agent that I can go and see right down the street.
Right, the more you add the bigger the discount. That is advantage that really isn’t build in the quotes I received online, probably the biggest reason why Geico was cheaper. I like the idea of an agent too, but if you are always on the move, they are never down the street.
[...] sure, we are all looking for ways to cut back expenses any way we can. One way may be as simple as switching auto insurance providers to get the best rate while other ways may include forgoing your night out. Either way, you’ll able to save some [...]
[...] those who feel most comfortable with coverage, Stupid Cents has done the grunt work to help sort through the complex task of making apples-to-apples quote [...]
David Williams presents this week’s round-up of risky posts – and your post is in it:
http://www.healthbusinessblog.com/?p=4546
Please let your readers know.
Why is Insurance Important?…
There are various types of insurance. Houses, cars and lives just three different types of insurance offered to consumers. Insurance of any kind which are used to protect the consumer when certain things happen will. For most of this protection in the …
Chose Car Insurance…
As you need a car insurance, make sure that the one you choose is the best car insurance which can protect your car from any inconvenience should a car accident may occur. But you also need to be careful what kind of car insurance you have. There are l…
Get Easy Help with Online Accident Attorney…
Due to booming auto market, technological advances and credit facilitate additional and additional individuals own vehicles nowadays. Our cities and roads full of new quick gizmos moving terribly swiftly. However, sadly this has enormously increased th…
Best of Auto Insurance…
Auto Insurance is one of the most widely purchased insurances not just because it is required by law but it also protects the owner from financial losses in the event of an accident or theft. Auto insurance refers to insurance for vehicles such as two …
Health Insurance is a Smart Choice…
We have no control over the future and, despite our precautions, we are seriously injured or ill at times. Although you can not avoid such situations, you can explain them and take responsibility. If a person values ??their health and acknowledge the f…
Tricks for Determing Car Insurance policies…
Car insurance is critical if you propose to travel on general public roads. Car insurance is often a specific sort of insurance and that is used to shield you versus theft or the price incurred from a car or truck accident. It seems that …
Auto Insurance Coverage You May Know…
Car insurance is actually the very same like some other insurance wherever you stay with the safe and sound side and get away from spending money if the mishap occurs which could put anyone into fiscal problems if your insurance coverage …
Automotive Insurance Plan for Beginners…
There are generally various vehicle coverage that provide a variety of protections according to the needs in the applicant. In simple fact, you could modify your insurance policies so as to meet your minimum essential, and also the needs you hav…
Cheap Automobile Insurance for Teenagers…
Lots of elements choose a automobile insurance owner. Automobile insurance firms look at the person’s age, his or her driving record, and even the kind of automobile the person drives before offering a automobile insurance quote. Regrettably, the…
Finding an Auto Insurance Company – Top 7 Automobile Insurance Companies…
When looking for a automobile insurance company it is important to shop around & compare lots of different companies. Look for a widely known company with a nice reputation that has great customer support & that handles claims quickly. Finding …
Tips Get Cheaper Auto Insurance…
Now, perhaps you will find all the information available auto insurance filtering, overwhelmed. The task is difficult for you, or you might not know where the best information for car insurance. Fortunately, you can find, offering the best advice auto …
Comparison Of Car Insurance…
Most of us are trying in these difficult economic times, living within our means. However, insurance is that simply can not be skipped, because you are legally expected to drive legally on public roads in their own car insurance one of the mandatory sp…
Finding the cheaper car insurance for you…
Perhaps you feel confused by all the information available about car insurance. Fortunately, there are the following advice on car insurance available. Discounts are sometimes offered car insurance for drivers with low mileage, which is often overlooke…
Rental car insurance to protect your financial wealth…
Why you need a rental car insurance? You can use their coveragein in accident with a rental car to be repaired or replaced. If you decide to hire car insurance, you cannot be covered by automobile insurance policy. If you maintain full coverage for you…
Modular Home Design…
You can weigh the benefits of buying a house with historical significance for something newer, but there is something to be said for a more contemporary design – in particular, the modular home. What is a modular home As the name suggests the hou…
The for Child Health Insurance…
Child Health Insurance Medical is a new type of health coverage for children, offers an insurance product that is clearly geared for children. Each benefit was carefully selected and especially for children allows private health insurance affordable an…
Assessing the importance of diamonds…
If you plan to buy a diamond, it must be absolute proof of the authenticity and value of diamonds before the money can be assessed. Also, if you have a valuable diamond, you should evaluate. In the expert diamond after authentication, will also provide…
Medical management billing software for small private medical practice…
Management solution medical billing software, IT is an effective and efficient services to private doctors for the management of start-ups or physician office success “a little more In determining the best type of software to automate the medical…
Straw Property Insurance…
People are still very impressive and dedicated to the design of Romania and prefer to stay home with thatched roof, or at least choose the property that is the right time. This reflects the importance and natural beauty of straw, but, but there are alw…
How to evaluate pet insurance prices…
The old adage “you get what you pay for”, said the real ring to buy pet insurance. There are pet insurance that provides maximum protection is “cheap”. However, coverage of the price reasonable enough until you do your homework….
Do not be too expensive dental insurance…
Dental insurance can help your dentist will be able to pay. You may frequent requests for help to avoid problems with your teeth. Nobody likes going to the dentist, but necessary if you want to maintain good dental health. If you want to avoid for year…
Reasons for holiday insurance…
Are you going to spend a vacation for your family? Think of the place to go for a trip? So the experience of traveling on trust, and get travel insurance is the best option. Because the travel insurance is important? Below we have compiled some useful …
Lead to car insurance…
Car rental insurance car owners confused because most of them do not even know whether to buy or not. Most of the agents who have experience working with leading companies in the automobile insurance industry will tell you that access to this type of i…
A couple of the house pays the premiums…
Does anyone know of a storm in 2011 for some time to enjoy the discussion a little “more about home insurance from an insurance agent. Flooding of homes expert advice, to consider the provision of advice insurance agent and purchase insurance bas…
With regard to the rules of health insurance…
It can be expensive to buy health insurance for families. Most people get insurance through an employer. If you are in good health, you do not have insurance. But why go without insurance risk, if you can get reasonable health insurance plans in the sh…
The way to keep the car when it runs out of money…
Great politicians promise, but has no immediate solutions to the current economic crisis and unemployment resulting from it. For unemployment many sacrifices for the car is a means of survival, not a luxury. While urban residents can go to a bike or pu…
Playing games WITH SALARY safety from Car Insurance…
WHEN TO you recession planning you can do to get that confirmed that the FOR how to make wise choices WITH you. In, Mass THIS FOR Results justice get the best price so it is advisable to look at – look at the internet FOR AFFORDABLE Car. FOR THIS…
The steps that are useful in the generation of presentations over the Internet…
Insurance sales agents are always thinking about the increasing use of internet sales opportunities. Buying insurance leads are the best option through which agents can be generated. However, a variety of lead are available online through social media….
Benefits brokers are known insurance…
Use the form of police protection or insurance real choice of regular and popular today. He acknowledged the need to consider the need to learn how to use the excess insurance scene broker to meet their specific needs. The mediator, as a rule, to addr…
Great Tips. I like joninray’s tip also. I did this when I moved to Boston. I insured my car, house, medical, well, everything in pairs. It saved me 35% in costs!
I woukd never have thought of that myself. Thanks guys.
Dennis
Binary Options Information…
Hello everyone, how are you today? Do you know about binary options? If so, you may read this article till the end. As well as we know in recent years more and more people are interested in different types of investments. Some people prefer to buy stoc…
Driving in France…
The first piece of recommendation I will provide before your visit to France is to possess your automotive serviced, even an engine service can suffice. Check your tyres and tyre pressures, particularly if you’re automotiverying a load or full ca…
Best Hosting Provider of 2010…
Who is that the best hosting supplier of 2010? Hands down, it’s been set, in many reviews, that Ipage net Hosting is that the leader of the pack as a hosting supplier. Why is Ipage ranked variety one? the largest reason is that Ipage, a hosting c…
Learn well about the Car Insurance that you can apply…
If you are lucky to be able to have a car privately, you must feel good because not all people can have the ability to buy a car anyway. Car is the kind of prestigious thing that should be protected well. When you want to protect the car that you have …
It is possible to secure low-cost automobile insurance….
There is undoubtedly a necessity to own a replacement automobile insurance if you’ve got simply acquired a replacement vehicle. An automobile insurance is somehow additional of a protection if ever the vehicle would be concerned in many troubles …
Winter Park Ski Resort…
One of the oldest ski areas in America, Winter Park Resort is perhaps best known for its proximity to Denver. In 2002, Denver has signed an agreement with Intrawest resort management. Winter Park Ski Area opened in time for the 1939-1940 ski season. Un…
Car Accessories – Air Conditioning And Heating Options…
Have you recently purchased a new car? If yes, then you might be looking for some fancy car accessories to customize your vehicle. Well, if this is the case, then this article may be of great help to you. The car accessories market is slightly increase…
Keeping Money on Car Insurances…
Choosing t? g?t car deal with ?re important for individuals t?at own vehicles. A organization ?? responsible t? offer negotiations economically if ?n? g?ts engaged ?n ?n collision. There ar? diff?rent organizations that offer ?ari?u? car deal with f?r …
Should You Pay Your Car Insurance plan Per month Or Annually?…
Most auto insurance firms will give you the option to pay for protection through prices rather than driving you to create a single large, advance transaction. Based on your budget, need for preparing mobility, and other factors, generating the wrong ch…
Your course of action to find affordable car insurance providers…
Car insurance is comprehensive and easily accessible worldwide. In several countries the insurance required by law and must have a car to maintain. Although you can easily find insurance quotes, but still, you have certain steps to find affordable auto…
Easier than ever trying to find Car Insurance Costs Less…
Once access to the advanced model of vehicle insurance made a powerful, but now with the advent of modern civilization Available experience provides the ability to choose from hundreds of the best and biggest. The question, however, because people no l…
Tips to Pick Your Life Insurance…
With the advent of the Internet and ongoing technological innovation, life insurance offers many to the surface via the Internet. With this many offers, with all his tricks, one can not avoid confusing them. However, when it comes to financial matters …
How to Protect Caravan…
Whether you are on vacation or at home, make sure your caravan is safe and secure against theft extremely important to protect your assets. These are the elements in and around your caravan, including grill, gas cylinders and other valuables. But what …
Useful Tips for Oral Hygiene and Dental Care…
Personal hygiene plays a vital role in each individual. It will certainly increase confidence and trust in a person that makes a person feel welcome and reach a state of connection in a society. Personal hygiene and proper dental care includes good ora…
Keep Up With The Necessary Car Service To Keep Your Vehicle Running Well…
A mechanic or shop is not always needed for car service. Though it is a sensible idea to now and then take your vehicle in for a mechanic to look it over, there are some simple services you can perform at home if you are willing to bother. A number of …
Pros and Cons in Starting a Small Business…
There are good reasons to start a business – and of course there are other reasons not to. Therefore, it is important to weigh the pros and cons for yourself how you, your situation is unique, and suggestions that have worked for a contractor……